$3.2 trillion shifts from chip stocks to 'Magnificent 7' leave S&P 500 stagnant
A significant market rotation of $3.2 trillion has shifted value between the Magnificent Seven and semiconductor stocks, excluding Nvidia (NVDA), resulting in minimal movement for major indices like the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC). The Magnificent Seven gained about $1.5 trillion while chip stocks lost nearly $1.7 trillion.
Tickers: $AAPL $AVGO $CVX $DOW $GS $IBM $MU $NVDA $SKHYV
Topics: Magnificent Seven Nasdaq Composite S&P 500 semiconductor stocks stock rotation